In comparison with industry, the complex has appreciable debt-rescheduling benefits. "If you can pay current debts, your old debts get 20 times axed", he said.
"Even at that, only 40 percent entities can make use of this programme. Another 40 percent may be added later. Twenty percent will never be able to get rid of their debts only because they do not get any profits", Gordeev told the Russian Gazette in the interview to be published in its Thursday, June 24, issue.
The ministry will decide what to do with them when it "closely undertakes developing the national farming and food policy".
"It is clear today that actually all of the hopeless units have got into the field of vision of investors and are gradually passing the procedure of civilised bankruptcy. Law-governed bankruptcy is not harmful but rehabilitative from the financial point of view", Gordeev said.
Simultaneously, he promised to do short work of "false bankruptcies" targeting at "lotting and selling off assets".
